Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 102.66 with take profit at 103.11 Bearish Preference: Sell position is envisaged if price trades below 101.67 with take profit at 101.07 Fundamentals:No major Fundamental. Comment: Oil prices slumped to about two-week lows on Monday, extending losses from last week, as concerns grew that prolonged COVID-19 lockdowns …
Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1919.44 with take profit at 1922.46 Bearish Preference: Sell position is envisaged if price trades below 1910.75 with take profit at 1907.59 Fundamentals:No major Fundamental. Comment: Gold prices fell on Monday to their lowest in four weeks, as bets for an increasingly aggressive and hawkish U.S. Federal Reserve …
Instrument: EURJPY Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 130.019 with take profit at 130.141. Bearish Preference: Sell position is envisaged if price trades below 129.704 with take profit at 129.572. Fundamentals: 12:45 EUR ZONE: ECB President Lagarde Speaks Comment: EUR/JPY last week saw a decent rebound from the 127.94 August low. Downtrend at 130.05 …
Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades ABOVE 1725 with take profit at 1740 Alternative scenario: Sell position is envisaged if price trades BELOW 1710 with take profit at 1698 Fundamentals:USD: 12:30pmCore Durable Goods Orders m/m Durable Goods Orders m/ Comment: Gold has been the most secure commodity to trade in the last set of weeks …
Intraday: Bullish Technical Analysis Preference: A Buy position is envisaged if price trades above 22.22 with take profit at 23.82. Alternative scenario: Sell position is envisaged if price trades below 19.74 with take profit at 18.01 Fundamentals:No major economic data expected today Comment: Yesterday Oil plummeted to historic level as we saw future prices for May and June contract …
Intraday: Bullish Technical Analysis Preference: A Buy position is envisaged if price trades above 1.41860 with take profit at 1.42532. Alternative scenario: Sell position is envisaged if price trades below 1.41391 with take profit at 1.40976 Fundamentals:Core retail sales m/m (CAD) 1:30 pmRetail Sales m/m (CAD) 1:30 pm Comment: The COVID 19 has seen a lot of economy …
Intraday: Bearish Technical Analysis Preference: A Sell position is envisaged if price trades below 24.19 with take profit at 23.3.0 Alternative scenario: Buy position is envisaged if price trades above 25.81 with take profit at 26.47 Fundamentals:No major economic data expected today Comment: The commodity has been on a downward spiral. This because the pandemic and destabilized the economy …
Intraday: Bearish * Technical Analysis * Preference: A Sell position is envisaged if price trades below 1.08372 with take profit at 1.08266 * Alternative scenario: Buy position is envisaged if price trades above 1.09000 with take profit at 1.09221 * Fundamentals:No major economic data expected today Comment: Market sentiment on the pair remain bearish owing to the expected global recession …
Intraday: Bearish * Technical Analysis * Preference: A Sell position is envisaged if price trades below 26.82 with take profit at 26.50 * Alternative scenario: Buy position is envisaged if price trades above 27.58 with take profit at 28.45 * Fundamentals:No major economic data expected today Comment: The sentiment on black gold is still bearish as supply far outweigh …
Intraday: Bearish * Technical Analysis * Preference: A sell is in order if price trades below 1.08480 with take profit at 1.08433 * Alternative scenario: Buy once price trades below 1.08570 with take profit at 1.08630 * Fundamentals:IMF Meetings Eur: Trade Balance Final CPI Final Core CPIUSA: CB learning Index Comment: The greenback is currently basking in sentiments given that …
